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Question No 04 Chapter No 8 – D.K Goal 11 Class

Question No 04 Chapter No 8

Question No 04 Chapter No 8

Sale Book

04. Record the following transactions in the Sales Book of M/s Ajanta Electronics, Ranchi Jharkhand assuming CGST @ 9% and SGST @ 9%:

2018  
Mar.1 Sold to Vandna Electronics, Kolkata West Bengal Vide Invoice No. 1255 : 
  50 Musical Alarm Clocks @ 800 each
  40 Wall Clocks @ 500 each
  Trade Discount 20%
Mar.10 Sold to Mohan Watch Company, Patna Bihar Vide Invoice No. 1256 :
  25 Deluxe Wall Clocks @ 800 each
  Trade Discount 10%
Mar.15 Sold to Superior Watch Company, Ranchi Vide Invoice No. 1257 :
  75 Deluxe Wall Clocks @ 800 each
  40 Super Deluxe Wall Clocks @ 1,000 each
  Trade Discount 15%
Mar.20 Sold to Modern Electronics, Ranchi Vide Cash Memo No. 5234 :
  100% Musical Alarm Clocks @ 800 each
  Trade Discount 20%

The solution of Question No 04 Chapter No 8: –

  Sele Book 
Date Particular Invoice No.
Detail Cost
Output CGST Output SGST  Output
ISGT
 
Total
2018
Mar.
               
1 Vandna Electronics, Kolkata 1255            
  50 Musical Alarm Clocks @ Rs 800 each   40,000          
  40 Wall Clocks @ Rs 500 each   20,000          
      60,000          
  Less: 20% Trade Discount   12,000          
      48,000          
  Add: 18% IGST   8,640          
      56,640 48,000     8,640 56,640
10 Mohan Watch Company, Patna Bihar 1256            
  25 Deluxe Wall Clocks @ Rs 800 each   20,000          
  Less: Trade Discount @10%   2,000          
      18,000          
  Add: 18% IGST   3,240          
      21,240 18,000     3,240 21,240
15 Superior Watch Company, Ranchi 1257            
  75 Deluxe Wall Clocks @ Rs 800 each   60,000          
  40 Super Deluxe Wall Clocks @ Rs 1,000 each   40,000          
      1,00,000          
  Less: 20% Trade Discount   15,000          
      85,000          
  Add: CGST   7,650          
  Add: SGST   7,650          
      1,80,000 85,000 7,650 7,650   1,00,300
        1,51,000 7,650 7,650 11,880 1,78,180

Note: In Sales Book, we record only the credit sale of goods, so the transaction dated March 20 being the sale of electronics for cash will not be recorded..

https://tutorstips.com/sales-book/

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Also, Check out the solved question of all Chapters: –

D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.

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